Does Georgism Work? Five Years Later

In 'Land Is a Big Deal,' Lars A. Doucet delves into the economic theories of Henry George, particularly the concept of Georgism. The book is divided into two parts: the first part summarizes George's main arguments from 'Progress and Poverty,' while the second part empirically tests these theories using modern data. Doucet argues that land and its policies have a significant impact on the economy, leading to issues such as high rents, oppressed workers, and environmental degradation. He proposes the implementation of a land value tax as a solution to these problems, demonstrating how it could raise substantial revenue and alleviate economic inequalities. The book also addresses common criticisms of the land value tax and provides case studies to support its feasibility.

In *Progress and Poverty*, Henry George examines why industrial and technological progress often coincides with persistent poverty and economic cycles. He argues that rising land values and land speculation concentrate wealth, and he proposes a single tax on land values as the remedy.